STOCK TITAN

Cousins Pptys Inc Financials

CUZ
FY2025 annual
Revenue $993.8M +16.0% YoY
Net Income $40.5M -11.9% YoY
EPS (Diluted) $0.24 -20.0% YoY
Free Cash Flow $135.0M -8.4% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Cousins Pptys Inc (CUZ) reported $993.8M in revenue for fiscal year 2025, up 16.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CUZ FY2025

Asset-heavy growth is being funded with rising leverage, while operating margin gains are increasingly absorbed by financing costs.

Between FY2024 and FY2025, revenue advanced 16.0% while operating cash flow rose only 0.5%, showing that added scale produced little additional operating cash. Free cash flow conversion weakened: FCF fell 8.1% as capital expenditures increased 5.7%, leaving more operating cash absorbed by reinvestment.

The company is structurally asset-heavy: FY2025 total assets were $8.9B, yet return on assets was only 0.5%, making balance-sheet efficiency more informative than a conventional margin read. Debt-to-equity climbed to 0.7x from 0.5x in FY2021, indicating growth has increasingly relied on borrowed capital relative to equity.

Gross and operating margins reached 68.4% and 67.8% in FY2025, so operations were not the source of the earnings squeeze. Net margin fell to 4.1% from 5.4% as interest expense rose from $122M to $159M, linking the pressure to financing costs.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 72 / 100
Financial Health Score 72/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cousins Pptys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
77
FFO Growth
58
Leverage
81
Interest Cov.
87
AFFO Margin
50
Dividend Cov.
77
Piotroski F-Score Partial
5/8

Cousins Pptys Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
9.93x

For every $1 of reported earnings, Cousins Pptys Inc generates $9.93 in operating cash flow ($402.3M OCF vs $40.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
4.23x

Cousins Pptys Inc earns $4.23 in operating income for every $1 of interest expense ($673.3M vs $159.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$993.8M
YoY+16.0%
5Y CAGR+6.1%
10Y CAGR+17.1%

Cousins Pptys Inc generated $993.8M in revenue in fiscal year 2025. This represents an increase of 16.0% from the prior year.

EBITDA
$1.1B
YoY+16.4%
5Y CAGR+7.0%
10Y CAGR+13.3%

Cousins Pptys Inc's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.4% from the prior year.

Net Income
$40.5M
YoY-11.9%
5Y CAGR-29.8%
10Y CAGR-10.7%

Cousins Pptys Inc reported $40.5M in net income in fiscal year 2025. This represents a decrease of 11.9% from the prior year.

EPS (Diluted)
$0.24
YoY-20.0%
5Y CAGR-31.6%

Cousins Pptys Inc earned $0.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 20.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$135.0M
YoY-8.4%

Cousins Pptys Inc generated $135.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.4% from the prior year.

Cash & Debt
$5.7M
YoY-22.2%
5Y CAGR+5.9%
10Y CAGR+11.1%

Cousins Pptys Inc held $5.7M in cash against $3.3B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.28
YoY0.0%
5Y CAGR+1.3%

Cousins Pptys Inc paid $1.28 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding
168M
YoY+0.2%
5Y CAGR+2.5%

Cousins Pptys Inc had 168M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin
68.3%
YoY+1.1pp
5Y CAGR+2.2pp

Cousins Pptys Inc's gross margin was 68.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.

Operating Margin
67.8%
YoY+1.2pp
5Y CAGR+2.1pp

Cousins Pptys Inc's operating margin was 67.8% in fiscal year 2025, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin
4.1%
YoY-1.3pp
5Y CAGR-28.0pp
10Y CAGR-57.3pp

Cousins Pptys Inc's net profit margin was 4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity
0.9%
YoY-0.1pp
5Y CAGR-4.4pp
10Y CAGR-6.6pp

Cousins Pptys Inc's ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

Capital Allocation

Capital Expenditures
$267.2M
YoY+5.7%

Cousins Pptys Inc invested $267.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.7% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

CUZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CUZ quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$268.5M+2.1%$263.1M+3.2%$255.0M+2.7%$248.3M+3.4%$240.1M-4.1%$250.3M+11.1%$225.3M+7.7%$209.2M
Cost of Revenue$84.7M+2.5%$82.6M-0.7%$83.1M+3.9%$80.0M+7.9%$74.2M-3.9%$77.2M+5.8%$72.9M+10.5%$66.0M
Gross Profit$183.9M+1.8%$180.5M+5.0%$171.9M+2.1%$168.3M+1.4%$165.9M-4.2%$173.2M+13.6%$152.4M+6.4%$143.2M
Operating Income$182.3M+1.3%$180.1M+4.6%$172.2M+1.8%$169.2M+1.5%$166.7M+0.9%$165.2M+11.4%$148.3M+4.4%$142.1M
Interest Expense$47.1M+4.4%$45.1M+6.2%$42.5M+2.3%$41.5M+7.7%$38.5M+4.7%$36.8M+11.3%$33.1M+7.4%$30.8M
Net Income$26.2M+205.2%-$24.9M-616.9%-$3.5M-140.4%$8.6M-40.7%$14.5M-30.7%$20.9M+53.2%$13.6M+21.8%$11.2M
EPS (Diluted)$0.16+206.7%-$0.15-650.0%-$0.02-140.0%$0.05-44.4%$0.09-25.0%$0.12+33.3%$0.09+28.6%$0.07

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Income Tax.

CUZ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CUZ quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$9.0B-0.5%$9.1B+2.2%$8.9B-0.1%$8.9B-1.7%$9.1B+4.5%$8.7B-1.6%$8.8B+13.3%$7.8B
Cash & Equivalents$6.7M+6.4%$6.3M+10.1%$5.7M+22.4%$4.7M-98.9%$416.8M+7720.6%$5.3M-27.5%$7.3M-90.3%$76.1M
Goodwill$1.7M0.0%$1.7M0.0%$1.7M0.0%$1.7M0.0%$1.7M0.0%$1.7M0.0%$1.7M0.0%$1.7M
Total Liabilities$4.5B-0.1%$4.6B+8.8%$4.2B+1.1%$4.1B-2.5%$4.3B+11.1%$3.8B-2.7%$3.9B+18.0%$3.3B
Long-Term Debt$3.7B-1.1%$3.8B+12.9%$3.3B+0.9%$3.3B-4.8%$3.5B+15.1%$3.0B-2.4%$3.1B+16.3%$2.7B
Total Equity$4.5B-0.6%$4.5B-3.6%$4.7B-1.2%$4.7B-0.9%$4.8B-0.7%$4.8B-0.7%$4.8B+9.8%$4.4B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Retained Earnings.

CUZ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CUZ quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$156.5M+286.9%$40.5M-64.7%$114.5M-5.0%$120.5M-1.7%$122.6M+173.8%$44.8M-65.3%$129.0M+9.9%$117.4M
Investing Cash Flow-$36.4M+88.7%-$323.0M-258.3%-$90.1M+70.9%-$310.1M-175.6%-$112.5M-229.2%$87.1M+108.3%-$1.1B-1348.3%-$72.6M
Financing Cash Flow-$119.7M-142.3%$283.1M+1316.1%-$23.3M+89.5%-$222.6M-155.4%$401.5M+399.9%-$133.9M-115.7%$853.7M+3260.3%$25.4M
Dividends Paid$52.7M-4.8%$55.3M+2.9%$53.7M0.0%$53.8M0.0%$53.7M-1.5%$54.6M+12.1%$48.7M0.0%$48.7M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.

CUZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

CUZ quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Gross Margin68.5%-0.1pp68.6%+1.2pp67.4%-0.4pp67.8%-1.3pp69.1%-0.1pp69.2%+1.5pp67.6%-0.8pp68.5%
Operating Margin67.9%-0.5pp68.4%+0.9pp67.5%-0.6pp68.1%-1.3pp69.4%+3.4pp66.0%+0.2pp65.8%-2.1pp67.9%
Net Margin9.7%+19.2pp-9.4%-8.1pp-1.4%-4.8pp3.5%-2.6pp6.0%-2.3pp8.3%+2.3pp6.0%+0.7pp5.3%
Return on Equity0.6%+1.1pp-0.5%-0.5pp-0.1%-0.3pp0.2%-0.1pp0.3%-0.1pp0.4%+0.1pp0.3%0.0pp0.3%
Return on Assets0.3%+0.6pp-0.3%-0.2pp0.0%-0.1pp0.1%-0.1pp0.2%-0.1pp0.2%+0.1pp0.1%0.0pp0.1%
Debt-to-Equity0.830.0x0.84+0.1x0.710.0x0.700.0x0.73+0.1x0.630.0x0.640.0x0.60

Not reported in any period shown, so not listed: Current Ratio, FCF Margin.

Similar Companies

Frequently Asked Questions

What is Cousins Pptys Inc's annual revenue?

Cousins Pptys Inc (CUZ) reported $993.8M in total revenue for fiscal year 2025. This represents a 16.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cousins Pptys Inc's revenue growing?

Cousins Pptys Inc (CUZ) revenue grew by 16.0% year-over-year, from $856.8M to $993.8M in fiscal year 2025.

Is Cousins Pptys Inc profitable?

Yes, Cousins Pptys Inc (CUZ) reported a net income of $40.5M in fiscal year 2025, with a net profit margin of 4.1%.

Cousins Pptys Inc (CUZ) reported diluted earnings per share of $0.24 for fiscal year 2025. This represents a -20.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cousins Pptys Inc (CUZ) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Cousins Pptys Inc (CUZ) had $5.7M in cash and equivalents against $3.3B in long-term debt.

Cousins Pptys Inc (CUZ) had a gross margin of 68.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Cousins Pptys Inc (CUZ) had an operating margin of 67.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Cousins Pptys Inc (CUZ) had a net profit margin of 4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Cousins Pptys Inc (CUZ) paid $1.28 per share in dividends during fiscal year 2025.

Cousins Pptys Inc (CUZ) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Cousins Pptys Inc (CUZ) generated $135.0M in free cash flow during fiscal year 2025. This represents a -8.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Cousins Pptys Inc (CUZ) generated $402.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Cousins Pptys Inc (CUZ) had $8.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Cousins Pptys Inc (CUZ) invested $267.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Cousins Pptys Inc (CUZ) had 168M shares outstanding as of fiscal year 2025.

Cousins Pptys Inc (CUZ) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Cousins Pptys Inc (CUZ) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Cousins Pptys Inc (CUZ) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Cousins Pptys Inc (CUZ) has an earnings quality ratio of 9.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Cousins Pptys Inc (CUZ) has an interest coverage ratio of 4.23x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Cousins Pptys Inc (CUZ) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

Back to top